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ROSENBERG: I Don't Believe In Conspiracy Theories, But I Don't Believe In Today's Jobs Report Either

Headline numbers from today's jobs report looked great. Unemployment fell to 7.8 percent, non-farm payrolls came in line with expectations, and last month's number was revised up.This prompted some to claim the numbers were made up. President Obama said, "this morning we found out that the unemployment rate has fallen to its lowest rate since I took office."
But Gluskin Sheff's David Rosenberg didn't paint such a rosy picture of the report and had a very specific response to any such claim:

"That the 7.8 percent jobless rate takes it to the level that prevailed when the President took office in January 2009 has raised many an eyebrow. I don't believe in conspiracy theories. But I don't believe in the Household Survey either.

This notoriously volatile indicator has become even more so in recent months. It showed a 195K slide in July and a 119K decline in August, to only then reveal a massive 873K surge in September. So, aced on a household employment, the economy was in a recession in July and August and the miraculously boomed at its strongest rate since January 1983 (is Obama really the new Reagan)?

If it's too good to be true, then it probably is.

But this is why the headline unemployment plunged, and that is what is very likely to make the front pages of the Saturday newspapers. Digging beneath the veneer, the quality of these so-called Household jobs is called into question, seeing as part-time work for 'economic reasons' dominated with a 582K run-up in September. And upon closer inspection of the actual amount of slack in the labor market, the more inclusive U6 unemployment rate that does a much better job at capturing underemployment remain stubbornly stuck at 14.7%."

When the facts don't match what your agenda then question the facts. I believe we are on a decline to the dark ages if the ultra right get their way. Ignorant people are perfect for their manipulation. The Nazis have returned.

When are the old republicans who will bargain and compromise for the sake of the country going to return. Bring them back and give us independents a real choice between two candidates in the polling both.

Nazi's?

Ugh.

Invoking Nazi Germany in a political debate should be a TOS violation.

Anyway, thanks to Spesh for his links and quotes in this thread. It's always nice to be reminded of what a charmer Richard Nixon was. The fact that he became the respected "elder statesman" late in life is a ****ing embarrassment. When he died they should have done as HST suggested and burned his body in a trash bin and then dumped it in an open sewage canal.

I think it is funny that people that do drywall or make milkshakes for a living like to pretend they understand the numbers we put out. It is insulting until you get used to it.

One thing is for sure, drywallers know the economy still sucks. If anything we should have a better way of coming up with these numbers. Household indicators seem to be to volatile to make conclusions with.

My goodness.
It must hurt some 'Americans' a lot that the number went down.

If any of you thought that over 30 consecutive months of adding jobs will not be reflected at one point or another in the unemployment rate then ....... (I censored myself).

I don't even think that any of you who are elevating this to a conspiracy theory or even mention it in the same sentence or remotely trying to suggest the possibility of a conspiracy theory really want the job numbers to be better as it would not fit the agenda. Which is in the same category as Mr Mitch McConnell who declared that the political priority should be making Obama a one-term President. Despicable, sad and extremely anti-american.

Secondly it seems that none of you actually know how this statistic is produced for decades and by whom and that any WH has no influence of the numbers or the publishing of these numbers since there are legal safeguards in place to prevent the power of the executive branch to influence suich numbers. If these numbers could have been that easily being manipulated I doubt that any President ever would have an unemployment rate of more that a lousy percent.

One thing is for sure, drywallers know the economy still sucks. If anything we should have a better way of coming up with these numbers. Household indicators seem to be to volatile to make conclusions with.

Funny. You didn't complain about the way the numbers are being gathered before.

A Jobs Report Conspiracy?

Originally Posted by TheWalrus

Nazi's?

Ugh.

Invoking Nazi Germany in a political debate should be a TOS violation.

Anyway, thanks to Spesh for his links and quotes in this thread. It's always nice to be reminded of what a charmer Richard Nixon was. The fact that he became the respected "elder statesman" late in life is a ****ing embarrassment. When he died they should have done as HST suggested and burned his body in a trash bin and then dumped it in an open sewage canal.

Invoking Nazi Germany in a political debate should be a TOS violation.

Anyway, thanks to Spesh for his links and quotes in this thread. It's always nice to be reminded of what a charmer Richard Nixon was. The fact that he became the respected "elder statesman" late in life is a ****ing embarrassment. When he died they should have done as HST suggested and burned his body in a trash bin and then dumped it in an open sewage canal.

He really didn't invoke Nazi Germany.

The term Nazi (National Socialism) is a political form of fascism (or a variety thereof).
A lot of scholars place Nazism into the right wing corner.
"Far right themes in Nazism include the argument that superior people have a right to dominate over others and purge society of supposed inferior elements."

If I look at at the Republican Party and its most right wing supporters I can place Immigration Politics, attempted Voter ID law, support of the 1% and subsequent discrimination against the lower and middle class into the category of Nazism. Just because Nazi Germany made that term infamous the word or the political ideology of Nazism should not be solely attributed to Nazi Germany.

The term Nazi (National Socialism) is a political form of fascism (or a variety thereof).
A lot of scholars place Nazism into the right wing corner.
"Far right themes in Nazism include the argument that superior people have a right to dominate over others and purge society of supposed inferior elements."

If I look at at the Republican Party and its most right wing supporters I can place Immigration Politics, attempted Voter ID law, support of the 1% and subsequent discrimination against the lower and middle class into the category of Nazism. Just because Nazi Germany made that term infamous the word or the political ideology of Nazism should not be solely attributed to Nazi Germany.

No.

This is a bunch of mumbo jumbo that obscures what is OBVIOUS, which is that when people invoke the Nazis, or compare other people to Nazis, or compare some political position to Nazism, they are invoking Nazi Germany and all that entails.

The comparison -- in irish fin fan's example, of someone trying to gin up a job's report conspiracy -- is glib, and stupid, and utterly ****ing ridiculous. It trivializes not just genocide but world ****ing war.

This is a bunch of mumbo jumbo that obscures what is OBVIOUS, which is that when people invoke the Nazis, or compare other people to Nazis, or compare some political position to Nazism, they are invoking Nazi Germany and all that entails.

The comparison -- in irish fin fan's example, of someone trying to gin up a job's report conspiracy -- is glib, and stupid, and utterly ****ing ridiculous. It trivializes not just genocide but world ****ing war.

Spoken as a liberal who hates the right wing.

Agreed.

There is no benefit to calling other people Nazis. All it does is inflame other poster and put people on the defensive. It should have no purpose in a serious discussion on this forum. We bash people for calling others socialists, we should bash people for yelling Nazi.

I dont think we should ban the word or slap the poster, i think people should just use their intelligence. Does it contribute to the conversation in a positive way? No? Move on. If you have to make that comparison to prove your point, your point probably isnt worth proving.

We have an entire f-you thread at the top of this forum that people can use to accuse each other of being Nazis to their hearts content. Go nuts and have fun. Just keep it in there.